How Responsive are Durables Expenditures to Transitory Income Shocks?
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We estimate how expenditures on durable goods respond to transitory income shocks using variation from the Economic Stimulus Act of 2008. The estimated responses are large: Households spent about 80 percent of their stimulus payment within three months of receiving the income transfer on durables
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美国国家经济研究局创建时间：
2026-04-01
